Chengdu Xingrong Investment Co Ltd (000598) Fair Value & Analysis
Utilities · CN · Market cap 21.0B CNY (≈ $3.1B) · ISIN CNE000000HN4
What is Chengdu Xingrong Investment Co Ltd really worth?
Below-average quality, trading 21% below our fair value of ¥9.09.
Strengths
Risks
For context
Fair value as of: Sep 1, 2026
From 26 valuation models · updated 4 days ago
Share price −0.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (¥6.02 to ¥12.16) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.
How to read this chart
60‑month range ¥4.25 – ¥8.20 · fair‑value band ¥6.02 – ¥12.16 · the ¥7.22 price screens below the ¥9.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 1, 2026.
Analysis
Chengdu Xingrong Investment Co Ltd (000598) currently trades at ¥7.22, while our model-based Fair Value estimate is ¥9.09, implying the stock looks roughly 20.6% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Utilities sector. Bull case: the Growth Earnings group reads highest at a median of ¥15.36 per share, and 13 of the 25 models we run sit above the ¥7.22 price. Bear case: the Economic Profit group reads lowest at ¥4.24, and 12 of the 25 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Chengdu Xingrong Investment Co Ltd generated revenue of 9.1B CNY at a net margin of 22.2%. Revenue grew 3.2% year over year. It earns a return on equity of 9.9%. Net debt stands at 9.5B CNY. Fundamentals as of Sep 1, 2026
Our scenario range runs from ¥6.02 (bear case) to ¥12.16 (bull case); at ¥7.22, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 5% below its 52-week high and 12% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at −33% fair-value upside, at 26%, 000598 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ¥0.3024 per share, which is 3.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: Growth Earnings (¥15.36) versus Growth DCF (¥0.0900). Highest evidence: FCF DCF (77).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 45 · Market factors (momentum, volatility) 61
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Chengdu Xingrong Environment Co., Ltd. engages in the tap water business in China. It is involved in the water extraction from water sources, water purification, water pipe transportation, and tap water sales and after-sales services. The company also engages in the sewage treatment business, such as urban and rural domestic sewage and industrial wastewater.
Full company description
Chengdu Xingrong Environment Co., Ltd. engages in the tap water business in China. It is involved in the water extraction from water sources, water purification, water pipe transportation, and tap water sales and after-sales services. The company also engages in the sewage treatment business, such as urban and rural domestic sewage and industrial wastewater. In addition, it is involved in the environmental protection business, including waste incineration power generation, landfill leachate treatment, sludge and food waste disposal, and engineering businesses. The company was formerly known as Chengdu Xingrong Investment Co., Ltd. and changed its name to Chengdu Xingrong Environment Co., Ltd. in June 2015. Chengdu Xingrong Environment Co., Ltd. was founded in 1995 and is based in Chengdu, China.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Chengdu Xingrong Investment Co Ltd reported revenue of 9.1B CNY in FY2025 versus 6.8B CNY in FY2021, a compound +7.7%/yr. Reported net income was 2.0B CNY in FY2025, compounding +7.6%/yr from FY2021.
of which total revenue +12.8 % · buybacks/dilution +0.0 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
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Peer Group
Utilities - Regulated Water · 64 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Utilities - Regulated Water median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Utilities - Regulated Water stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| American Water Works Company AWK | $138.30 | $65.80 | −52% |
| SBS SBS | $4.82 | $8.13 | +69% |
| Essential Utilities, Inc WTRG | $41.10 | $21.81 | −47% |
| Guangdong Investment Limited 0270 | HK$8.15 | HK$12.82 | +57% |
| Grandblue Environment Co 600323 | ¥29.61 | ¥33.29 | +12% |
| American States Water Company AWR | $89.88 | $47.94 | −47% |
| California Water Service Group CWT | $50.48 | $33.56 | −34% |
| Chongqing Water Group 601158 | ¥4.14 | ¥2.77 | −33% |
| Beijing Enterprises Water Group 0371 | HK$1.74 | HK$3.00 | +73% |
| H2O America, through its subsidiaries, HTO | $62.57 | $25.29 | −60% |
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